Supplemental Equity and Comprehensive Income Information

9 Months Ended

Sep. 30, 2026

Stockholders' Equity Note [Abstract]

Supplemental Equity and Comprehensive Income Information

Supplemental Equity and Comprehensive Income Information

Consolidated Changes in Shareholders’ Equity

	Three Months Ended				Nine Months Ended
(In millions)	September 30, 2026		September 27, 2025		September 30, 2026		September 27, 2025
Common stock issued, $1 par value per share	$	124.1	$	124.1	$	124.1	$	124.1
Capital in excess of par value
Beginning balance	$	822.1	$	821.9	$	834.3	$	840.6
Issuance of shares under stock-based compensation plans(1)	9.4		7.7		(2.8)		(11.0)
Ending balance	$	831.5	$	829.6	$	831.5	$	829.6
Retained earnings
Beginning balance	$	5,844.0	$	5,399.3	$	5,597.5	$	5,151.2
Cumulative-effect adjustment upon adoption of accounting standard update(2)	—		—		—		10.2
Net income	169.7		166.3		541.9		521.6
Issuance of shares under stock-based compensation plans(1)	.4		.1		10.6		12.8
Contribution of shares to 401(k) plan(1)	5.4		5.7		18.0		18.5
Dividends	(75.4)		(73.1)		(223.9)		(216.0)
Ending balance	$	5,944.1	$	5,498.3	$	5,944.1	$	5,498.3
Treasury stock at cost
Beginning balance	$	(4,087.9)	$	(3,693.7)	$	(3,904.1)	$	(3,347.5)
Repurchase of shares for treasury	(59.5)		(93.6)		(254.3)		(453.6)
Issuance of shares under stock-based compensation plans(1)	.1		—		4.9		8.3
Contribution of shares to 401(k) plan(1)	2.9		2.6		9.1		8.1
Ending balance	$	(4,144.4)	$	(3,784.7)	$	(4,144.4)	$	(3,784.7)
Accumulated other comprehensive loss
Beginning balance	$	(379.5)	$	(450.0)	$	(409.7)	$	(456.1)
Other comprehensive income (loss), net of tax	12.8		(6.3)		43.0		(.2)
Ending balance	$	(366.7)	$	(456.3)	$	(366.7)	$	(456.3)

(1) We fund a portion of our employee-related costs using shares of our common stock held in treasury. We reduce capital in excess of par value based on the grant date fair value of vesting awards and record net gains or losses associated with using treasury shares to retained earnings.

(2) In the first quarter of 2025, we adopted accounting guidance that requires crypto assets to be measured at fair value, which resulted in an adjustment to reflect the difference between the carrying value of our holdings in crypto assets and their fair value as of the beginning of 2025. Crypto assets were not material to the unaudited Condensed Consolidated Financial Statements.

Dividends per common share were as follows:

	Three Months Ended				Nine Months Ended
	September 30, 2026		September 27, 2025		September 30, 2026		September 27, 2025
Dividends per common share	$	1.00	$	.94	$	2.94	$	2.76

Changes in Accumulated Other Comprehensive Loss

The changes in “Accumulated other comprehensive loss” (net of tax) for the nine-month period ended September 30, 2026 were as follows:

(In millions)	Foreign Currency Translation(1)		Pension and Other Postretirement Benefits		Cash Flow Hedges		Fair Value Hedges		Total
Balance as of December 31, 2025	$	(359.0)	$	(49.2)	$	.1	$	(1.6)	$	(409.7)
Other comprehensive income (loss) before reclassifications, net of tax	41.9		—		(.8)		3.4		44.5
Reclassifications to net income, net of tax	—		—		(1.5)		—		(1.5)
Other comprehensive income (loss), net of tax	41.9		—		(2.3)		3.4		43.0
Balance as of September 30, 2026	$	(317.1)	$	(49.2)	$	(2.2)	$	1.8	$	(366.7)

(1) Included the impact of our derivative financial instruments accounted for as net investment hedges. Refer to Note 5, “Financial Instruments,” to the unaudited Condensed Consolidated Financial Statements for more information.

The changes in “Accumulated other comprehensive loss” (net of tax) for the nine-month period ended September 27, 2025 were as follows:

(In millions)	Foreign Currency Translation(1)		Pension and Other Postretirement Benefits		Cash Flow Hedges		Fair Value Hedges		Total
Balance as of December 28, 2024	$	(375.5)	$	(78.0)	$	(4.6)	$	2.0	$	(456.1)
Other comprehensive income (loss) before reclassifications, net of tax	(1.9)		—		(1.0)		(1.7)		(4.6)
Reclassifications to net income, net of tax	—		1.5		2.9		—		4.4
Other comprehensive income (loss), net of tax	(1.9)		1.5		1.9		(1.7)		(.2)
Balance as of September 27, 2025	$	(377.4)	$	(76.5)	$	(2.7)	$	.3	$	(456.3)

(1) Included the impact of our derivative financial instruments accounted for as net investment hedges. Refer to Note 5, “Financial Instruments,” to the unaudited Condensed Consolidated Financial Statements for more information.